Jim,
Does this make you feel better about the market that even RIEF is down?
Neverthesless, I am sure Medallion is making a killing through its stat arb operations just like in the 2007 financial crisis since it is mainly market neutrual.
Regards
James
Bloomberg News
By Hema Parmar
and Katia Porzecanski
March 3, 2020, 6:56 AM GMT+8 Updated on March 4, 2020, 6:58 AM GMT+8
Jim Simons’s Renaissance Technologies saw its quantitative equity hedge fund tumble 7% last month as stock markets sunk.
The Renaissance Institutional Equities Fund, which only trades U.S.-listed stocks, is down a similar amount so far this year, according to a person with knowledge of the matter. The strategy is biased toward stocks that its computer-driven models expect to rise.